|
|
 |
|
Viewing report
|
|
|
|
Arlington, Texas; General Obligation May 08
Standard & Poors, May 2008
Abstract
Standard & Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Arlington, Texas' general obligation (GO) debt to 'AA+' from 'AA' based on the continued expansion of the city's property tax base and strong financial management practices. In addition, Standard & Poor's assigned its 'AA+' rating to the city's $39.9 million series 2008 permanent improvement bonds and $5.9 million series 2008 and $38.9 million series 2008A combination tax and revenue certificates of obligation. An ad valorem property tax pledge secures the bonds and certificates of obligation. The ratings reflect the city's: Stable and diverse economic base, which benefits from its location between Dallas and Fort Worth; Strong financial position; Diverse and stable revenue streams; and Moderate...
Companies mentioned in this report are: Arlington
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
